Friday, 16 October 2020

Nifty Outlook 16/10/2020

Hello Friends, 


Previous Day: Day start with sideways expectation but when day low break and YL big unwinding day and huge put unwinding pressure lead good fall.

Participant Wise: Most of data almost unchanged after expiry vanished and same position like earlier overall. FII  & Pro stay Bearish, and clients Bullish.
OI Based: Nifty future OI Buildup and Banknifty showing OI unwinding in future.
Trend: Big TF only bullish side until 11550-11650 zone safe; market in volatile zone.
Global: Global looking today stable and green.
Opening: SGX showing insider gapup.
Range: Resistance 11820 & Support 11650-11670.
Option Data: Max Pain near 11600 overall.

Overview: Sideways day expectation with good straddle day.


Thanks n Regards! 
SanJeet Kumar
Telegram: t.me/sfviews

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